The financing pledge came on the same day as China’s CHEC announced plans to invest $1.56 billion in a port city project near Colombo

Located north of the present conflict zone, Haifa is one of Israel's biggest and most vital ports

Trying to prove who had invested in foreign portfolio investors who then pumped money into Adani could be an arduous task, a court-appointed panel said

The probe comes after a report by US short-seller Hindenburg alleged entities linked to Gautam Adani's brother Vinod had moved "billions of dollars" into the conglomerate

The group's flagship firm, Adani Enterprises, slid nearly 7% to a near four-week low, while Adani Ports tumbled more than 5%

The conglomerate’s market value has dropped below the $100 billion mark in the ongoing sell-off triggered by the Hindenburg report

Regulators are said to be probing the sharp sell-off in Adani Group companies, while also looking into trade patterns and any potential irregularities in its now-shelved share sale

The Securities and Exchange Board of India will study the report by Hindenburg Research and add it to ongoing inquiries into the group’s foreign portfolio investors and use of tax havens

Seven listed companies of the Adani conglomerate have lost a combined $50 billion in market capitalisation since Wednesday, following a report by US short-seller Hindenburg Research

This month US President President Joe Biden landed in the region, while India's Adani Ports and Israeli partner Gadot agreed to buy Haifa port for 4.1 billion shekels ($1.18 billion).

Despite official clarifications, press statements, and pull-out promises from controversial projects, the $100-billion Adani group continues to see its shareholders’ confidence eroding.

Stocks in several of the Indian conglomerate’s companies took a hit following the National Securities Depository’s announcement it had frozen the accounts of three of its stakeholders